Digital asset firms providing financial services have an additional three months to apply for or vary an Australian Financial Services (AFS) licence, following an extension by the Australian Securities and Investments Commission (ASIC) of its sector-wide no-action position to 30 September 2026.

ASIC is also expanding the scope of its no-action position to include digital asset businesses:

• operating under, or entering into, authorised representative arrangements with an AFS licence holder, and
• operating under, or entering into, intermediary authorisation arrangements with an AFS licence holder.

ASIC says its decision reflects a pragmatic response to industry transition challenges. The extension…